Energy Charter Treaty

16 Title II: Implementation In order to attain the objectives set out above, the signatories will, without prejudice to the sovereignty of each State over its energy resources, and its rights to regulate energy transmission and transportation within its territory respecting all its relevant international obligations, take coordinated action to achieve greater coherence of energy policies, which should be based on the principle of non discrimination and on market-oriented price formation, taking due account of environmental concerns. They underline that practical steps to define energy policies are necessary in order to intensify cooperation in this sector and further stress the importance of regular exchanges of views on action taken, taking full advantage of the experience of existing international organisations and institutions in this field. The signatories recognise that commercial forms of cooperation may need to be complemented by intergovernmental cooperation, particularly in the area of energy policy formulation and analysis, as well as in areas which are essential and not suitable to private capital funding. They decide to pursue the objectives of this Charter by strengthening and integrating regional energy markets and enhancing the efficient functioning of the global energy market by joint or coordinated action under this Charter in the following fields: • access to and development of energy sources; • access to energy markets; • liberalisation of trade in energy; • promotion and protection of investments in all energy sectors; • safety principles and guidelines; • research, technological development technology transfer, innovation and dissemination; • energy efficiency, environmental protection and sustainable and clean energy; • access to sustainable energy; • education and training; • diversification of energy sources and routes.